PNB Saksham Deposit Scheme

Those looking for a reliable product to invest in, Punjab National Bank has come with a term deposit scheme termed as PNB Saksham Deposit Scheme where it will take care of all your recurring financial needs and will avail you with a supplementary income on a monthly basis in form of interest.

PNB Saksham Deposit Scheme Eligibility Criteria:

The account can be opened as a single account (single individual) or a joint account (two or more individuals).

Other than individuals, certain groups and organizations like educational institutions, Society, Club, Charitable Institutions, etc. can apply for the scheme.

Handicapped and illiterate individuals can also apply for the term deposit scheme.

The interest generated will be credited in the form of monthly payout along with a part of the principal amount.

PNB Saksham Deposit Scheme Features:

Account Type

Single /Joint

Association, Club, Society, Trust or Religious/ Charitable and Educational Institutions, etc. can also have this term deposit account.

Amount

Minimum: Rs.25,000/-

Maximum: Subsequently in multiple of Re.1/- subject to maximum of Rs.10 Crore

Rate of Interest

As mentioned in the term deposit card rate regarding different tenures.

The senior citizens can avail an additional 0.5% interest on the provided deposits.